$ARX 24h rises 13.448%, active buy/sell ratio in the last ~15 minutes is 1.914—buy orders are almost twice the sell orders, yet the price only nudged from 0.2501 to 0.2571!
Trading value over 1 hour is only 0.33x the 24h hourly average; volume hasn’t kept up. Position value increased by 2.52% to $7.64M, with both price and position rising as if there may be fresh opens chasing. Funding rate +0.047%—longs are starting to pay a premium.
As long as it doesn’t break below 0.2501, this leg can still be considered the buy side propping it up. But since volume keeps from expanding, a push toward ~0.2662 could easily turn into a move pulled up by just a few people.
#ARX
Trading value over 1 hour is only 0.33x the 24h hourly average; volume hasn’t kept up. Position value increased by 2.52% to $7.64M, with both price and position rising as if there may be fresh opens chasing. Funding rate +0.047%—longs are starting to pay a premium.
As long as it doesn’t break below 0.2501, this leg can still be considered the buy side propping it up. But since volume keeps from expanding, a push toward ~0.2662 could easily turn into a move pulled up by just a few people.
#ARX
